Air Transport Services Group, Inc (NASDAQ:ATSG)‘s stock had its “hold” rating restated by analysts at Stifel Nicolaus in a research report issued to clients and investors on Tuesday. They currently have a $20.00 price target on the transportation company’s stock. Stifel Nicolaus’ price objective points to a potential downside of 13.76% from the stock’s previous close.

ATSG has been the subject of a number of other research reports. Zacks Investment Research downgraded Air Transport Services Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 17th. Cowen and Company restated an “outperform” rating and set a $27.00 target price (up previously from $25.00) on shares of Air Transport Services Group in a research report on Thursday, August 10th. BidaskClub downgraded Air Transport Services Group from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. TheStreet downgraded Air Transport Services Group from a “b+” rating to a “c+” rating in a research report on Monday, August 7th. Finally, Imperial Capital boosted their target price on Air Transport Services Group from $18.00 to $23.00 and gave the stock an “in-line” rating in a research report on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. Air Transport Services Group presently has an average rating of “Hold” and a consensus target price of $23.13.

Shares of Air Transport Services Group (NASDAQ ATSG) traded up 0.78% on Tuesday, hitting $23.37. The stock had a trading volume of 50,120 shares. The company’s market cap is $1.38 billion. Air Transport Services Group has a 52 week low of $12.94 and a 52 week high of $25.75. The firm has a 50 day moving average price of $23.15 and a 200-day moving average price of $20.81.

Air Transport Services Group (NASDAQ:ATSG) last released its earnings results on Monday, August 7th. The transportation company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The company had revenue of $253.21 million during the quarter, compared to the consensus estimate of $235.69 million. Air Transport Services Group had a positive return on equity of 14.27% and a negative net margin of 4.42%. The firm’s quarterly revenue was up 43.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.13 earnings per share. Analysts anticipate that Air Transport Services Group will post $0.86 EPS for the current year.

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In related news, insider W Joseph Payne sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $24.52, for a total value of $122,600.00. Following the completion of the sale, the insider now owns 185,452 shares in the company, valued at $4,547,283.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard M. Baudouin sold 8,100 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $21.71, for a total value of $175,851.00. The disclosure for this sale can be found here. Insiders sold 17,202 shares of company stock valued at $389,679 in the last quarter. 2.20% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nationwide Fund Advisors increased its holdings in Air Transport Services Group by 0.4% in the first quarter. Nationwide Fund Advisors now owns 43,693 shares of the transportation company’s stock valued at $701,000 after purchasing an additional 189 shares during the last quarter. Tudor Investment Corp ET AL increased its holdings in Air Transport Services Group by 1.1% in the second quarter. Tudor Investment Corp ET AL now owns 18,208 shares of the transportation company’s stock valued at $397,000 after purchasing an additional 206 shares during the last quarter. Legal & General Group Plc increased its holdings in Air Transport Services Group by 4.3% in the second quarter. Legal & General Group Plc now owns 12,353 shares of the transportation company’s stock valued at $269,000 after purchasing an additional 510 shares during the last quarter. Penn Capital Management Co. Inc. increased its holdings in Air Transport Services Group by 1.1% in the second quarter. Penn Capital Management Co. Inc. now owns 82,225 shares of the transportation company’s stock valued at $1,791,000 after purchasing an additional 899 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Air Transport Services Group by 18.2% in the first quarter. Victory Capital Management Inc. now owns 6,887 shares of the transportation company’s stock valued at $111,000 after purchasing an additional 1,058 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Air Transport Services Group Company Profile

Air Transport Services Group, Inc (ATSG) is a holding company. The Company provides airline operations, aircraft leases, aircraft maintenance and other support services primarily to the cargo transportation and package delivery industries. It offers aircraft, crew, maintenance and insurance (ACMI) for specified cargo operations.

Analyst Recommendations for Air Transport Services Group (NASDAQ:ATSG)

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